Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.
SCHD vs SPYI: how they differ
Over the year SCHD returned more, +27.6% against +15.8%, and SCHD charges 0.06% against 0.68%.
Schwab U.S. Dividend Equity ETF and NEOS S&P 500(R) High Income ETF.
What they hold in common
By the books each fund has filed, SCHD and SPYI hold 8% of their money in the same securities at the same weight.
| Holding | SCHD | SPYI |
|---|---|---|
| UnitedHealth Group Inc | 5.10% | 0.58% |
| Home Depot Inc/The | 3.37% | 0.55% |
| Procter & Gamble Co/The | 3.55% | 0.53% |
| Merck & Co Inc | 3.87% | 0.50% |
| Coca-Cola Co/The | 3.96% | 0.49% |
| Chevron Corp | 3.84% | 0.48% |
| Texas Instruments Inc | 5.92% | 0.42% |
| QUALCOMM Inc | 6.75% | 0.30% |
| Amgen Inc | 3.48% | 0.30% |
| PepsiCo Inc | 3.45% | 0.29% |
| Verizon Communications Inc | 3.66% | 0.28% |
| Abbott Laboratories | 2.97% | 0.25% |
| Only in SCHD | Only in SPYI |
|---|---|
| Accenture PLC 2.90% | NVIDIA Corp 7.57% |
| East West Bancorp Inc 0.42% | Apple Inc 6.59% |
| Watsco Inc 0.32% | Microsoft Corp 4.32% |
| Fidelity National Financial Inc 0.30% | Amazon.com Inc 3.65% |
| HF Sinclair Corp 0.28% | Alphabet Inc 3.28% |
| Booz Allen Hamilton Holding Corp 0.24% | Broadcom Inc 2.80% |
| American Financial Group Inc/OH 0.23% | Alphabet Inc 2.61% |
| Autoliv Inc 0.22% | Micron Technology Inc 1.99% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026 and May 31, 2026.
| SCHD Schwab U.S. Dividend Equity ETF | SPYI NEOS S&P 500(R) High Income ETF | |
|---|---|---|
| Where it sits | Core index fund | Income ETF |
| Issuer | Schwab | NEOS |
| What it is | US dividend | covered call, vs SPY |
| Total return, 1 year | +27.6% | +15.8% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +10.1 pts | −1.7 pts |
| Cash paid, 1 year | not an income fund | 12.1% |
| Expense ratio | 0.06% | 0.68% |
| Holdings | 99 | not filed |
SCHD in plain words
SCHD is an index equity fund tracking the US dividend. Over the year to Sep 11, 2026 it returned +27.6% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.06% a year. By its holdings filed for May 31, 2026, 95% of the fund by weight is stocks the S&P 500 also holds, across 99 positions, with the top ten at 43.7%. It sat 3.1% below its high of Aug 24, 2026 on Sep 11, 2026.
SPYI in plain words
Over the year to Sep 11, 2026, SPYI paid 12.1% of its starting value in cash distributions while its price rose 2.6%. With every distribution reinvested, the fund returned +15.8%. S&P 500 (SPY) returned +17.5% over the same days, so a holder was behind by 1.7 pts. At its price on Sep 11, 2026 the latest distribution annualizes to 12.2%, paid monthly. NEOS estimates that 93% of the distribution paid Jun 18, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
Questions people ask
- Which returned more over the last year, SCHD or SPYI?
- In the year to Sep 13, 2026, with distributions reinvested, SCHD returned +27.6% and SPYI returned +15.8%, so SCHD returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, SCHD or SPYI?
- SCHD charges 0.06% a year and SPYI charges 0.68%, so SCHD is cheaper. Fees come from each fund's prospectus.
- Are SCHD and SPYI the same kind of fund?
- No. SCHD is an index ETF and SPYI is an option-income ETF, so they are built for different jobs. The table compares what both publish: return, cost and what each actually holds.
Other comparisons
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Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, SCHD against SPYI, data as of Sep 13, 2026. https://etfiq.com/compare/any/schd-vs-spyi Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources